US Energy Chief Chris Wright Defends Waiver on Russian Oil Sanctions, Blames Fear for Higher Gas Prices
Trump administration officials on Sunday defended a decision to temporarily lift some sanctions on Russian oil and predicted that a sharp increase in gasoline prices resulting from the Iran war…
US Oil Prices Soar in Early Trading on Supply Fears Amid Expanding U.S.-Israeli War With Iran
(Reuters) – U.S. crude futures rose more than 20% in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of…
White House Seeks Bolder Action on Energy Prices Amid Iran Conflict
Senior officials have asked the departments of Energy, Transportation and Treasury and the Environmental Protection Agency to provide more policy options, with an emphasis on measures that President Donald Trump…
Goldman Sachs Warns Oil May Surge Above $100/bbl if Hormuz Flows Don’t Recover
Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait…
Iran War Sends US Crude Up Over $10 a Barrel, Topping $90
Summary WTI hits level last seen in September 2023 Brent trades at $90 per barrel for first time since April 2024 Trump says he is unconcerned about rising gasoline prices…
Venezuela Resumes Exports of Diluted Crude Oil After 15-Month Pause -Document
(Reuters) – Venezuela this month resumed exports of a key crude grade that had not been shipped since late 2024, diluted crude oil (DCO), with U.S. Chevron sending a 500,000-barrel…
Venture Global’s CP2 LNG Plant Costs Increase by $4 Billion
(Reuters) – The anticipated construction cost for two phases of Venture Global’s CP2 LNG liquified natural gas project has jumped by $4 billion, or just under 14%, the company said…
Barclays Says Brent Could Test $120/bbl if Middle East Tensions Persist
(Reuters) – Barclays said on Friday that Brent crude could potentially test $120 a barrel if the Middle East conflict persists for another couple of weeks. “These numbers might seem…
US Could Lift Sanctions on More Russian Oil, Says Bessent
(Reuters) – Treasury Secretary Scott Bessent on Friday said the United States could remove sanctions from more Russian oil, a day after Washington issued a 30-day waiver allowing the sale…
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks, Baker Hughes Says
(Reuters) – U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes said in its closely followed…
